Medical Facilities (TSE:DR) Shares Cross Above 200-Day Moving Average of $9.28

Medical Facilities Co. (TSE:DRGet Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$9.28 and traded as high as C$10.51. Medical Facilities shares last traded at C$10.43, with a volume of 29,575 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lifted their price target on shares of Medical Facilities from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research report on Friday, March 15th.

Check Out Our Latest Report on Medical Facilities

Medical Facilities Price Performance

The stock’s 50-day moving average is C$9.68 and its 200-day moving average is C$9.28. The firm has a market cap of C$257.83 million, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 3.81 and a beta of 0.56. The company has a quick ratio of 1.51, a current ratio of 1.24 and a debt-to-equity ratio of 98.74.

Medical Facilities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, March 27th. Medical Facilities’s dividend payout ratio (DPR) is presently 32.65%.

Medical Facilities Company Profile

(Get Free Report)

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty hospitals and ambulatory surgery center in the United States. Its specialty hospital offers non-emergency surgical, imaging, diagnostic, and pain management procedures, as well as other ancillary services, such as urgent care and occupational health; and ambulatory surgery centers offers scheduled outpatient surgical procedures.

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